Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ion the account to be debited and credited in resp

ion the account to be debited and credited in respect of the following transactions and...

70.2K

Verified Solution

Question

Accounting

image
ion the account to be debited and credited in respect of the following transactions and give reasons: logical steps & 0 Identif the two aspects. 1. Purchased furniture I e Assest & furniture 2. Sold machinery Da Assest & Cash is 3. Bought in for capital ? 4. Purchased goods from Peter 5. Sold goods to Mark I ID 43 Increase / Decrease 6. Salary paid (4) Apply the rule 7. Commission received 8. Paid to Peter 9. Received from Mark 4 Debit | Credit lution Transaction Debit/Credit Reason Assest / Assest +27 Identit the Group of each aspects

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

A ten-year bond, with par value equals $1000, pays 10% annually. If similar bonds are currently...

Accounting
1.2K views

Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing....

Physics
1.2K views

(A.) A \"healthy\" systolic (during heart contraction, the high number in 120/80) blood pressure is typically 120...

Physics
1.2K views

Problem 1 The h parameters of a transistor are hie 1100 hfe hre 5 x...

Physics
1.2K views

range ISR 1 us 100 s RINA RISK Options 1 2 3 A 15 cm...

Accounting
1.2K views

Sharp Motor Company has two operating divisionsan Auto Division and a Truck Division. The company...

Accounting
1.2K views

Financial information is presented below: Gross profit would be $59000. $65000

Accounting
1.2K views

1. Sales forecast: January: 1,800 units; February: 1,900 units; March: 1,600 units; April: 1,500 units....

Accounting
1.2K views

$000 Sales revenue 20,000 Cost...

Accounting
1.2K views

adoption of an abc system might be needed when an organization observes that: a. products...

Accounting
1.2K views

Hi, I need help with this question. I multiplied each persons income by 25% (ex:...

Accounting
1.2K views

Ateneo Engineering School bought a 20hp power generator and plans to utilize it as an...